Credit Suisse reveals its top stock picks for betting against the Street

If you want to beat the market, you need to diverge from consensus.

Contrarian investors seek to exploit inefficiencies by positioning themselves against the market's popular sentiment.

To that end, Credit Suisse has offered up its best ideas for betting against the Street.

A new report identifies stocks which are rated substantially differently by Credit Suisse analysts than the average of the sell-side community.

These ideas, if correct, represent "opportunities that the market has not yet priced in," the report said.

Credit Suisse first screened its coverage universe of U.S. stocks to identify contrarian analyst opinions in terms of ratings, target prices, and earnings forecasts.

"To further strengthen the list of stocks, we worked closely with the research analysts to select stories in which our conviction level is high," the authors wrote.

The resulting list, below, contains five buy recommendations, and five stocks to avoid.